Governance, Risk and Compliance (GRC)

Module 1: Foundations of GRC strategy

• Defining Governance, Risk, and Compliance in business
• GRC frameworks: COSO, ISO 31000, COBIT, etc.
• Aligning GRC with strategy, culture, and values
• Regulatory landscape: SOX, GDPR, HIPAA, PCI-DSS
• Integrated Enterprise Risk Management (ERM)

Module 2: Governance, Risk and Compliance

• Overview of Governance, Risk and Compliance (GRC)
• Compliance requirements in different jurisdictions.
• Regulatory environment: national and international perspectives
• Understanding and interacting with regulatory bodies
• Key transnational regulations impacting financial institutions

Module 3: Corporate governance and regulatory compliance

• Roles and duties of the board and senior management
• Governance structures for transparency and accountability
• Compliance audits and program implementation
• Internal reporting mechanisms and escalation procedures
• Case analysis: corporate failures and compliance breaches

Module 4: Establishing compliance frameworks

• Role and structure of the compliance function in an organization
• Conducting compliance risk assessments
• Fraud risk and organizational risk assessments
• Performing compliance gap analysis

Module 5: Understanding risk and risk management

• Types of risks: strategic, financial, operational, reputational
• Types and classifications of risk firms must manage
• Characteristics and foundational concepts of key risk categories
• Core principles of risk management approaches

Module 6: Risk Mitigation

• Risk identification, analysis, and control techniques
• Enterprise Risk Frameworks and the Three Lines of Defence
• Implementing risk response plans and internal controls
• Measuring risk exposure and control effectiveness

Module 7: Financial crimes and mitigation

• Overview of financial crime and relevant legislation
• Anti-Money Laundering (AML) laws and frameworks
• Filing Suspicious Activity Reports (SARs)
• Recognizing high-risk indicators and taking appropriate actions
• Importance of public disclosure and transparency

Module 8: GRC Integration, Audits, and Future Trends

• GRC integration across business functions
• Technology tools for GRC monitoring and automation
• Preparing for audits and external inspections
• Data protection and digital compliance
• AI, Blockchain, and the future of GRC